All Forum Posts by: Alice Huang

Hello BP!

Would love some insight from those who live/work/from/invest in Texas!

Where in Texas should I be looking at with a budget of around $200k?  

Would like to BRRRR and open to SFH or multi.

My goal is to cash flow and get my capital back through BRRRR to reinvest.

Thank you and look forward to your insight.

Best,

Alice

Hi Erik, 

Bryan also mentioned the Tuesday one that is really great at Casa Chapala.  There is also one on general real estate on Thursdays.  Info for both:

Tuesdays: Commercial Real Estate meetup, hosted by Ken Harris

https://www.meetup.com/AustinCommercialRealEstateInvesting-com/events/ncnwmrybcfbfb/

Location: Casa Chapala, close to Domain

Time: 11.30 - 1pm, but a lot of people arrive around 11Expect around 40-60 attendees. 

Great networking opportunity.

Thursdays: Real Estate (general) meetup, hosted by Harold McGee and Jean Norton

https://www.meetup.com/texas-real-estate-Investment-Education-Training-Networking/events/gjrjxqybcfbhb/

Location: Brass Tap, Domain 

Time: 11.30 - 1pm

Expect around 20 people.

Will let you know if I come across any others. 

@Shaun Fullalove

Hello Shaun,

I’ve recently moved to Austin as I see the future potential as well.

I’ve really enjoyed working with my realtor, Tiffany Moore. Tiffany is extremely patient, has great ability to make the process easy and painless. She also has property managers and contractors she works with.

You can find her on google: Tiffany Moore North Star Realty.

Best of luck in your search.

Alice

@Mark Ermence

Thank you Mark, but a part of my visa requirement is that I have to be an active participant in real estate. Being a passive investor does not qualify me for an E2 investor visa.

@Matthew Koch

Congratulations Matt!

@Theresa Harris

Thank you Theresa. I’ll try reaching out to them. It’s been tough as I left 11 years ago.

@Nick Sheveland

Hi Nick, thanks for reaching out. Will PM you.

@Jennifer Pauyo

Hello from Austin, Texas.

Been working in real estate since 2007 in Canada, Australia and the UK.

Shot myself in the foot when I sold my property in Vancouver in 2010. Can’t afford properties in Canada anymore, so here I am!

@Jacob Lapp

Hi Jacob! Every market is different.

When I worked in Australia, many of the new apartments come fully furnished. Developers sometimes even offer furniture packs. The going rates there were $400/week for one bedroom and about $450/week for furnished. (Australia often quotes rent by week)

In London, most 1-2 bedroom apartments are furnished and depending on the quality, again about £100-200+/ month

There’s pros and cons of both furnished and unfinished and it’s best to consult a few local PM. As if your place is furnished, and most tenants there have their own furniture, they may not want to consider your home. It’s best to see what your market wants and remain flexible to remove furniture upon request to eliminate vacancy.

@Dhirendra Ghidode

Hello Dhirendra,

I do not have experience with new construction in Dubai; however, I’ve specialised in new construction in Canada, Australia and UK since 2007. The developments I worked on are from 37-2000+ apartments.

Couple observations from the other point of view:

- you’re paying top dollar for the product as they are usually the flashiest new thing in town

- normally capital growth is minimal, unless the market does well overall. (Ie, Vancouver, where population is growing by 5-7% a year and supply does not catch up to demand)

- renting it out can take longer in a large development as you are 1 of perhaps 50 identical apartments for rent (if you’re on the southeast corner, all the floor plans on that corner is the same layout)

- selling it in the future can be the same headache (see above)

- some of the properties come with all the bells and whistles, such as rental guarantee, deposit incentives, free upgrades and etc, so do not be afraid to ask if you do decide to go ahead. Cash rebate upon closing is the best.

- also one thing I would like to highlight, the commission paid to selling agents can be anywhere from 2% (master agent such as Knight Frank, CBRE, Colliers) to networks and channels of 10-15%...so guess who’s paying for that

Any more questions, please reach out.

Sincerely,

Alice